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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fort Wayne at 4527 Leeward Cv, Fort Wayne, IN, 46804 offers $1,669/mo rent that, after a $1,191/mo payment, leaves $81/mo cash flow. Total monthly income is $1,669/mo, and annual cash flow is $970/yr on $80,687 cash. Return on cash invested measures 21.11% in year one, and rental yield stands at 8.23% at a $243,400 entry. Equity gained on principal adds $1,571/yr while 5% annual appreciation compounds into $67,247 by year five. Five-year ROI records 109.71% and total cumulative return in cash reaches $88,526. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,669/mo property income versus a $1,191/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.26 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
Date | Event | Price |
|---|---|---|
| 2025-09-30 | Sold | $243,400 |
| 2025-08-29 | Pending sale | $239,000 |
| 2025-08-27 | Listing removed | $1,750 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $3349.34 | 9.63% | $159,800 | 2.24% |
| 2023-10-25 | $3055.14 | 27.26% | $156,300 | 9.99% |
| 2022-10-25 | $2400.68 | -19.46% | $142,100 | 23.89% |
Listed by: Daniel Morken • Morken Real Estate Services, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517370
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
